Anand Rathi Wealth Ltd - Stock Valuation and Financial Performance

BSE: 543415 | NSE: ANANDRATHI | Finance - Others | Small Cap

Anand Rathi Wealth Share Price

4,215.05 43.75 1.05%
as on 03-Dec'24 16:59

DeciZen - make an informed investing decision on Anand Rathi Wealth

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Anand Rathi Wealth stock performance -

mw4me loader
P/E Ratio (SA):
66.67
Market Cap:
17,315.2 Cr.
52-wk low:
2,379.1
52-wk high:
4,379

Is Anand Rathi Wealth Ltd an attractive stock to invest in?

1. Is Anand Rathi Wealth Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Anand Rathi Wealth Ltd is a good quality company.

2. Is Anand Rathi Wealth Ltd undervalued or overvalued?

The key valuation ratios of Anand Rathi Wealth Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Anand Rathi Wealth Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Anand Rathi Wealth Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Anand Rathi Wealth:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Anand Rathi Wealth Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 1.4%3.1%5.7%124%78.8%46.9%22.5%46.7%49.7%50.5%-
Value Creation
Index
-0.9-0.8-0.68.24.62.40.62.32.62.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00.537210268322254404530695815
Sales YoY Gr.-NA7,597.9%469.7%27.1%20.5%-21.3%59%31.3%31.1%-
Adj EPS -00.10.212.516.117.610.730.140.352.962.6
YoY Gr.-NA187.5%5326.1%29.3%8.9%-39.1%181.4%33.8%31.2%-
BVPS (₹) 00000066.790.2119.9162.6140.9
Adj Net
Profit
00.20.950.365.271.344.2125168221260
Cash Flow from Ops. -1.40.3-4.995.357.4143-23.5147109267-
Debt/CF from Ops. 00-5000.3-1.40.20.20-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA21%39.9%31.1%
Adj EPS NA26.8%70.4%31.2%
BVPSNANA34.6%35.6%
Share Price - - - 61.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
-0.42.58.89753.337.517.5383837.341.2
Op. Profit
Mgn %
0-10.5-2.835.532.833.827.24344.242.442.5
Net Profit
Mgn %
033.12.423.924.422.117.431.131.731.931.9
Debt to
Equity
001.8000.20.10.1000
Working Cap
Days
01,6112101221119810888150215119
Cash Conv.
Cycle
0384203881111101176

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 41.20%

Sales growth is growing at healthy rate in last 3 years 39.88%

Net Profit is growing at healthy rate in last 3 years 70.35%

Sales growth is good in last 4 quarters at 32.66%

No data to display

Latest Financials - Anand Rathi Wealth Ltd.

Standalone Consolidated
TTM EPS (₹) 62.6 63.5
TTM Sales (₹ Cr.) 815 847
BVPS (₹.) 140.9 133.4
Reserves (₹ Cr.) 564 533
P/BV 29.60 31.28
PE 66.67 65.64
From the Market
52 Week Low / High (₹) 2379.10 / 4379.00
All Time Low / High (₹) 541.85 / 4379.00
Market Cap (₹ Cr.) 17,315
Equity (₹ Cr.) 20.8
Face Value (₹) 5
Industry PE 79.9

Management X-Ray of Anand Rathi Wealth:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.010.010.010.01
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Anand Rathi Wealth

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Income0139219281328262409538720
Interest Income0037210268322254404530695
Other Income 002913685826
Expenditure 0139148187232200243311421
Interest Expense 0019333246
Operating Expenses 0138135181224192236299403
Provisions 00042565911
Exceptional Items 0000000000
Profit Before Tax 00171949662166226300
Taxes 00021282418415878
Profit After Tax 00150657144125168221
Adjusted EPS (₹)0.00.10.212.516.117.610.730.140.352.9
Dividend Payout Ratio (%)0%0%0%0%0%0%31%36%30%26%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Equity Capital661490155225280381505682
Share Capital 001313131414212121
Reserves 66176141212266360484661
Minority Interest0000000000
Long Term Borrowings000804731252640
Current Liabilities 003874581555094113172
Trade Payables0035020000
Short term borrowings00250080000
Other Liabilities00-28-50-100000
Total Liabilities 6752172212427360500644894

Assets

Non Current Asset 44112496296295333340338
Loan Asset 0000000000
Other Non Current Asset 44112496296295333340338
Current Asset 234214811713165166304555
Current Investment000507523001
Other Current Asset2342984212963166304554
Total Assets 6752172212427360500644894

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -10-59557143-24147109267
Cash Flow From Investing Activity 10-24-90-43-15652-79-44-233
Cash Flow From Financing Activity 0031-7-328-17-49-64-72
Net Cash Flow 012-2111512190-37
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Operational & Financial Ratios

EPS (₹)-18137242616304053
DPS (₹)0000005111214
BVPS (₹)3243301167588310090120163

Performance Ratios

ROA (%)-0.42.43.045.033.922.311.229.229.428.8
ROE (%)-0.42.58.897.053.337.517.738.638.437.5
ROCE (%)1.43.15.7124.078.846.922.546.749.750.5

Valuation Parameters

Price/Book(x)0.00.00.00.00.00.00.06.76.722.7

Anand Rathi Wealth Ltd Stock News

Anand Rathi Wealth Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Anand Rathi Wealth on 03-Dec-2024 16:59 is ₹4,215.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Dec-2024 16:59 the market cap of Anand Rathi Wealth stood at ₹17,315.2.
The latest P/E ratio of Anand Rathi Wealth as of 03-Dec-2024 16:59 is 66.67.
The latest P/B ratio of Anand Rathi Wealth as of 03-Dec-2024 16:59 is 29.60.
The 52-week high of Anand Rathi Wealth is ₹4,379 and the 52-week low is ₹2,379.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Anand Rathi Wealth is ₹815.1 ( Cr.) .

About Anand Rathi Wealth Ltd

Anand Rathi Wealth is one of the leading non-bank wealth solutions firms in India. The company serves a wide spectrum of clients through a mix of wealth solutions, financial product distribution and technology solutions. It provides services primarily through its flagship Private Wealth (PW) vertical.

The company: (a) acts as a mutual fund distributor, registered with the Association of Mutual Funds in India. It distributes mutual fund schemes managed by asset management companies and earns distribution commissions on a trail basis from asset management companies; (b) purchases non-convertible market linked debentures (MLDs) and offers them to its clients and earns income from these sales. Therefore, the AUM of the Company comprises mutual fund schemes and other financial products such as bonds, MLDs and other securities held by clients in their own demat accounts. Further, the company does not include demat holdings of the clients in the AUM unless the client has also used the distribution service of ARWL or have bought MLDs through ARWL. As per the industry practice, all such assets kept in the demat account of the clients belong to the respective clients and indicate the value of their assets. Such assets are shown as the AUM of the Company. All decisions regarding purchase and sale of mutual funds and other securities are taken by the clients. The Company is not engaged in any portfolio management of its clients.

Business area of the company

Anand Rathi Wealth, registered AMFI as a Mutual Fund Distributor, has, since 2002, been in the business of Private Wealth, catering to high and ultra-high net worth individuals (HNIs & UHNIs).

Certifications, Awards and Accreditations

  • 2012: Voted “The Overall Best Private Bank in India as voted by HNWIs” in AuM $1m-5m category in the Asiamoney Private Banking Polls 2012.
  • 2015: Best Wealth Manager India Award - Capital Finance International, London.
  • 2016: Best Wealth Manager India Award - Capital Finance International, London.
  • 2017: Voted the Best Wealth Manager India by Capital Finance International, London.
  • 2017: Ranked 34 in India’s Great Mid-Size Workplaces 2017 by HT Media Limited and Great Place to Work Institute India.
  • 2018: Best Wealth Manager India Award - Capital Finance International, London.
  • 2018: Great Place to Work - 2018 in the Small and Mid-Sized Organizations category, by the Great Place to Work Institute, India.
  • 2019: Amity Corporate Excellence Award for Most Strategic Private Wealth Management.
  • 2020: Fastest Growing Wealth Management Organisation by World BFSI Congress, 2020.
  • 2020: Customer Service Excellence Award by World BFSI Congress, 2020.
  • 2020: Great Place to Work -  2020 in the Small and Mid-Sized Organizations category, by the Great Place to Work Institute, India.
  • 2021: Customer Service Excellence Award by World Leadership Congress & Awards, 2021.
  • 2021: Great Place to Work - by the Great Place to Work Institute, India.

Major events and milestones

  • 2002: ARFSL received the certificate of registration from the Association of Mutual Funds in India with respect to its mutual fund distribution business.
  • 2008: The company entered into contractual arrangement with ARFSL to use their premises to commence overseas operations in Dubai; and expanded wealth operations in India by setting up office in Delhi.
  • 2015: AuM of wealth management business of ARFSL crossed Rs 50,000 million.
  • 2017: The company’s Subsidiary, AR Wealth Management Private Limited, acquired Freedom Wealth Solutions (involved in investment advisory business) and Ffreedom Intermediary Infrastructure.
  • 2017: The company acquired the mutual fund distribution business of ARAL which ARAL had acquired from ARFSL.
  • 2017: The company acquired the private wealth management business from Religare Wealth Management.
  • 2018: The company expanded wealth operations in eastern India by setting up office in Kolkata.
  • 2018: AuM of the company crossed Rs 150,000 million.
  • 2019: AuM of the company crossed Rs 200,000 million.
  • 2021: AuM of the company crossed Rs 250,000 million.
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